Hudson Sustainable lands USD 13m of mezzanine funding in Japan

• Renewables financier Hudson Sustainable Group LLC said on Thursday it has actually closed a JPY-1.4-billion (USD 12.8 m/EUR 10.9 m) mezzanine car loan facility with Mitsubishi HC Capital Inc (TYO:8593).

The center is backed by Hudson's portfolio of 33 operating solar photovoltaic (PV) assets situated throughout Japan, which benefit from the 20-year local feed-in toll (FiT). The solar parks are estimated to generate concerning 34,000 MWh of electrical energy annually.

The closing of the facility happened on July 19, 2021. It represents Hudson's very first mezzanine funding in 2021 and also was prepared by Deutsche Financial institution Japan as well as UK.

"We are pleased to have made the trust fund and backing of Mitsubishi HC Capital in moneying our first mezzanine funding in the Japanese market and in pursuing a larger partnership for future sustainable investment," commented Neil Auerbach, Hudson's CEO as well as handling partner.